Top 10 Countries with the Least Debt in the World

3. New Caledonia

Debt of GDP: 6.5%

New Caledonia occupies our third spot. The country, a series of islands in the South Pacific Ocean, occupies a total territory of 18,500 square kilometers. Despite the small area, it is home to nearly 280,000 people.

The GDP here was calculated at $10.7 billion in 2015, while the nation’s public debt sits at just 6.5% of that value.

New Caledonia isn’t exactly a country that’s talked about often on the news, but it actually holds 11% of the world’s nickel reserves, the second largest in the world. The nation is highly reliant on imports, however, as the land here isn’t suitable for agriculture.

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